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Turo reported nearly $880 million in revenue in 2023, up 18% year-on-year. It posted $14.7 million in profits, down from $154.7 million in 2022. Losses and high costs are common for fast-growing ...
If a host cancels a trip, they may be charged $25.00 if it’s less than 24 hours before the trip begins, $50.00 if it’s less than one hour before the trip begins and $100.00 if you’re a no ...
Turo offers various insurance plans for host vehicles, as well as liability insurance for users. Turo operates like traditional rental car operators, but its asset-light business model is the main ...
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, in the United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (the United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Turo does not require renters to have personal coverage if the renter books a trip with a protection plan provided by Turo. Turo provides up to $750,000 in third party liability insurance from Travelers Insurance in the United States, up to $2 million in Canada, and up to £20 million in the UK, with 5 plans varying in vehicle protection. +
Turo says that in the United States, it will reimburse hosts for eligible repairs up to the cash value of their car or $200,000, whichever is less. The host’s deductible depends on what ...